Global Tight Gas Market was worth 12 billion USD in 2019 and is estimated to
touch 20 billion USD by 2027, at a CAGR of 5% during the projected period. The global tight gas market is likely to undergo significant
development over the prediction period due to moving toward the deployment of
rare gases. Tight gas is an unconventional gas (an energy source) explored
through hydraulic splitting with low permeability. The increasing usage of the
tight gas in housing, transportation, commercial, power generation, and
industrial sectors is likely to contribute substantially to this market during
the upcoming years.
Rising energy demand
because of the increasing populace is the primary factor driving the market
over the foreseeable period. Growing Tight gas demand in the industrial market
is anticipated soon to have an optimistic impact on the worldwide market.
Increasing R&D, commercialization, and exploration activity are further
expected to enhance the market over the next time. Technological up-gradation
has significantly facilitated the extraction of tight gas. It is likely to
affect the market positively over the next six years. Increasing oil prices
across the sphere have compelled to find a substitute source of energy. The
transition towards unconventional gases is likely to drive the market over the
Global Tight Gas Market –
Tight gas is natural gas
that originates from rock, usually limestone or sandstone with very low permeability.
It is a rare source of energy produced through hydraulic splitting with low
permeability. The retrieval of Tight Gas passes through the stages of Seismic
examination, Drilling, Production Stimulation, Hydraulic Splitting, Acidizing,
and De-liquefaction. Tight gas is one of the freshest burning fossil fuels, as
it has low carbon content and burns with smaller sulfur releases, metal
compounds, and carbon dioxide. The advent of tight gas as an unusual energy
source has transformed the scenario of energy safety in many countries. The
tracking process is water rigorous; hence, the accessibility of fresh water is
vital for the extraction of tight gas. It affects the development of the
market. Many tight gas investments face a barrier of freshwater stress
Increasing levels of expenditure being incurred on the expansion
of the oil & gas industry propel the market growth
Growing oil prices across the globe have led to the exploration
of alternate sources of energy. The shift in focus toward unconventional gases
is expected to propel the market over the projected period. However, strict
government guidelines regarding shale gas exploration may push the tight gas
market in the future.
Growth in Penetration of Natural Gas in Transportation
Considerable growth has been noticed in the usage of natural gas
in diverse manners. Tight gas is being increasingly used as fuel in
transportation by residential and commercial sectors. The transportation sector
has provided a significant impetus to the tight gas market, with the
ever-rising deployment of CNG vehicles. More than 24 million natural gas
vehicles (NGVs) were operational across the sphere in 2017. Natural gas can be
used in all kinds of transport vehicles such as buses, lift trucks, motorcycles,
cars, vans, light and heavy-duty trucks, and locomotives. This trend is likely
to continue throughout the prediction period, strengthening the unconventional
Global Tight Gas Market –
Based on Applications,
The Global Tight Gas Market is segmented into Industrial, Residential,
Commercial, Power Generation, and Transportation. Transportation is the primary
deployment section of the tight gas market. Growing usage of natural gas usage
as an alternate source of energy reassures the market development.
Based on End-User, The
Global Tight Gas Market is segmented into Power and Others. Tight gas has
earned credibility as an economical and environment-friendly source of power
and energy. Associated ecological and economic rules are in favor of natural
gas-powered plants. Owing to its low prices and strict regulations against
coal-fired plants, the natural gas production sector is predicted to witness
high growth during the projected period. The power generation industry
accounted for over 30% share by volume in 2013. Favorable administrative
policy, coupled with an amplified request for cleaner energy fuel, has
propelled the advancement of exploration and retrieval projects of Tight
Based on region, Global
Tight Gas Market is segmented by key regions— North America, Europe, Asia
Pacific, Latin America, and the Middle East & Africa.
Global Tight Gas Market -
North America dominated
the scene of the global tight gas market. The Asia Pacific is another critical
region of the tight gas market. Customers' disposable income has been growing
at a fast rate in the Asia Pacific with advancing GDP of the region. The rise
in GDP is pushing the demand for energy in the Asia Pacific. China, India, and
Indonesia are the prime markets for energy production and consumption. In terms
of unconventional gas production, China and Australia are the leading nations
in the Asia Pacific.
The major players in this
particular gas market are Occidental Petroleum Corporation; BP p.l.c.; Canadian
Natural; Chevron Corporation; Total; Exxon Mobil Corporation; PetroChina
Company Limited; Royal Dutch Shell; China Petrochemical Corporation; YPF; Marathon
Oil Company; Ensign Natural Resources; Devon Energy Corporation; EOG Resources,
Inc. and other prominent players.
In August 2019, Occidental Petroleum Corporation announced that
it had concluded the acquisition of Andarko Petroleum Corporation.
In June 2019, Total announced that they had signed an agreement
with Toshiba to handle their business operations for liquefied natural gas
(LNG) portfolios. This agreement involves tolling on annual LNG production of
2.2 million generated at Freeport LNG Train -3 situated in Texas, the United
States, along with the resulting gas being transported to the pipelines focused
on feeding the terminals.
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Million
Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South
Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.
By Application, By End
User, and By Region.
Occidental Petroleum Corporation; BP p.l.c.; Canadian Natural;
Chevron Corporation; Total; Exxon Mobil Corporation; PetroChina Company
Limited; Royal Dutch Shell; China Petrochemical Corporation; YPF; Marathon
Oil Company; Ensign Natural Resources; Devon Energy Corporation; EOG
Ø North America
Ø Asia Pacific
Ø South America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and project the Global Tight Gas Market size in terms of value.
Ø To examine the region-wise segmentation of the Global Tight Gas Market and assess the
market size in terms of value for each region viz., North America, Europe, Asia
Pacific, Middle East & Africa, Latin America, and their leading
Ø To outline, segregate, and estimate the Global Tight Gas Market based on different classifications, i.e., By
Application, By End User, and By Region.
Ø To scrutinize category-wise competitive developments in the Global
Air Traffic Control Market based on By Application, By End User, and By Region.
Ø To interpret the current market dynamics, by analyzing growth
drivers, restraints, opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major
players, strategic profiles, and market shares.
Business Questions Answered by the Report
Ø How will the market drivers, restraints, and opportunities
affect the market dynamics?
Ø What will be the market size in terms of value and volume and
market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will
be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it
affect the existing and new players?
Customization Scope for the Client
Client satisfaction is our first and last priority, and that is
why BlueWeave Consulting offers customization as per client’s specific needs.
The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis